The Most Promising Areas in Melbourne for Property Investment

Every good investor knows that location is everything. Well, not everything but pretty close to it. Suburbs that have a growing population with good-income earners, are well-connected via public transport, have easy access to shops and retail outlets, or are known for a particular lifestyle – all of these factors revolve around location.

Melbourne, Australia’s biggest city, can be quite a challenge to pick apart in terms of location – purely due to the sheer size of the city. But with data and evidence on our side, we’re able to present some of the most promising areas for property investment in Melbourne. Here are the top picks from the team at Patrick Leo:

Officer

A suburb perfect for families located 48km south-east of Melbourne, Officer has been a consistent performer over the past few years. There’s a lot to love about Officer, including the larger land sizes, proximity to the train line and Princes Freeway, access to shops and restaurants, and its affordability.

The median sold house price over the past year has been $702,500, up 2.7% over the previous 12 months. Officer is one to watch for investors looking for a great low-cost investment property.

St Helena

A green, leafy suburb 26km north-east of Melbourne CBD, St Helena is tucked away, just behind the hills of better-known suburb Greensborough. Another family-oriented area, St Helena is just a short drive to Eltham Station, making a total breeze of the daily commute to the city. With access to great schools, parks and playgrounds, it’s a low-stress and easy lifestyle here. House prices are sitting at a median of $1.18 million and spend an average of 26 days on the market before being snapped up.

Caulfield

Just 10 clicks away from Melbourne CBD, Caulfield is an interesting one. Over the past 12 months, we’ve seen an 11% drop in Caulfield house prices, with the median now sitting at $1,702,500. But it’s tightly-held with just 34 properties being available on the market over the past year.

Proximity to schools, transport and amenities are all big pluses for Caulfield, and we can’t see house prices continuing that downwards trend for much longer, making it a good time to strike for investors.

Croydon South

The far north-eastern edges of Melbourne are home to Croydon South, a suburb that has seen 3.8% growth in median house price over the past 12 months. Houses here are getting snapped up in just over two weeks’ time on the market, thanks to their affordability ($880k median house price), access to schools, hospitals and amenities.

Looking for a high-quality investment property in Melbourne? Patrick Leo can help you invest in Melbourne, finding the right property to achieve your financial goals. Our leading team of property advisers are committed to helping you on your path to abundant wealth, having helped hundreds of clients achieve the same. Get in touch with our team and get started today.